September 2011 Issue
US NEWS: The summer of mega-fund love
Private equity giants like Blackstone are discovering that some LPs are eager to invest in large real estate funds again, putting multi-billion dollar targets well within reach. PERE Magazine, September 2011 issue
US NEWS: Out of the shadows
Ares Management has fulfilled its wish to break into real estate with the acquisition of the ‘best kept secret in real estate'. PERE Magazine, September 2011 issue
US NEWS: Irish eyes smile on Lone Star
The Dallas-based private equity firm has beaten a slew of rivals, including Blackstone, to buy the largest sub- and nonperforming loan portfolio to hit the market since the start of the global financial crisis. PERE Magazine, September 2011 issue
SPECIAL REPORT: REPIA’s new direction
Changes in leadership within Goldman Sachs’ Real Estate Principal Investment Area have reignited debate over the health of the $34 billion platform. Yet, as Alan Kava and James Garman prepare to take charge, PERE has heard talk of a viable future. PERE Magazine September 2011 issue.
ROUNDTABLE: Keep calm and carry on
Does the sovereign debt crisis represent a clear and present danger to the future of European private equity, or is it creating the most promising market conditions in 20 years? It depends who you ask. PERE Magazine, September 2011 issue
INTELLECTUAL PROPERTY: Storm clouds gather
Despite a pretty good first half of the year in terms of transaction and fundraising activity, global real estate markets face stiff headwinds this fall due to uncertainty in Europe. PERE Magazine, September 2011 issue
IF THESE WALLS COULD TALK: Star power
6922 Hollywood Boulevard, which can hold its own among Tinseltown properties, is under contract to be sold by its private equity real estate owner. PERE Magazine, September 2011 issue
FEATURE: Welcome back
Russia and other emerging markets of Europe that used to be ‘hot’ are coming back, but not necessarily with the same degree of heat. PERE Magazine September 2011 issue.
FEATURE: A REIT resurgence
There are signs that REITs are beefing up and even eyeing the launch of private equity-style funds despite having been penalised for such activity during the downturn. PERE Magazine, September 2011 issue
EUROZONE: Eastern bloc appeal
There are signs that investors are beginning to look eastward, given the flood of capital for prime assets in Western Europe and anaemic economic forecasts for established markets. PERE Magazine September 2011 issue.
EUROPE NEWS: The English patient
Starwood’s head of acquisitions has relocated from America to London in order to grow the firm’s footprint in Europe and Asia, but he says one needs to be patient for deal flow. PERE Magazine September 2011 issue.
EUROPE NEWS: Second thoughts
Immofinanz has sold off its interests in real estate funds in piecemeal fashion instead of through one transaction, as originally planned. PERE Magazine September 2011 issue.
EUROPE NEWS: JER’s last waltz
Limited partners in JER Partners’ biggest Europe fund have been agitating for the platform to be transferred to a stable investment management house, but it hasn’t happened yet. PERE Magazine September 2011 issue.
EDITOR'S LETTER: Welcome to the (public) party
PERE Magazine September 2011 issue.
BLUEPRINT: Wall Street’s garbage men
Fortress Investment Group is getting its hands dirty salvaging value from a real estate opportunity with an estimated value of $2 trillion. Through its credit business, the firm believes it has the right team and resources for the job. PERE Magazine September issue 2011.
ASIAVIEW: The sovereign route to success
Asia’s rejuvenated sovereign wealth funds are recognising that alternative assets and emerging markets will play an increasingly central part in building on their current successes. PERE Magazine September 2011 issue.
ASIA NEWS: Pioneering spirit
Traditionally cautious and subject to ‘hyper-management’ control, Korea’s much- coveted investor base is becoming increasingly more flexible and braver when it comes to buying in the US. PERE Magazine September 2011 issue.
ASIA NEWS: Land of the shrinking sun
Some international ‘big beast’ investors that have hunted in Japan for years are sensing fewer avenues for deploying large amounts of capital. PERE Magazine September 2011 issue.
ASIA NEWS: Closer to the action
The relocation to Asia of Olivier de Poulpiquet is expected to precipitate Morgan Stanley’s switch from net seller to net buyer in the region. PERE Magazine September 2011 issue.